Selling points: A very affordable Bayside suburb with a great mix of property styles, easy access to the city, a host of facilities, well-regarded schools, parks, shopping precincts and popular beaches.
Most sought after properties: Median-priced older style two-bedroom units and three or four-bedroom houses on 650m2 plus blocks.
Most common properties: Mordialloc has an array of period style homes dating from the late 1800s to the early 1900s: Victorian, Californian Bungalow, federation, as well as your traditional post war homes, in 1950’s red and cream, or vanilla brick homes. With many of the larger blocks being redeveloped, there are a stunning selection of modern townhouses and apartments, which complement the area.
Top amenities: A wide choice of private schools and highly regarded secondary schools attract many buyers and renters to the area. It also offers easy access to Southland shopping complex, lots of trendy cafes and popular strip shopping. An abundance of recreation facilities include parks, swimming complexes and sporting ovals. A reliable train line for commuters to the city (approximately 40mins) and an express service from Cheltenham Station is also available.
Local industry and business: Large commercial and industrial parks located in Cheltenham, Moorabbin and Braeside, employ large numbers as well as the big supermarket chain buildings in main locations across the suburb.
Recent changes: Extensions have been made to Southland shopping complex; major developments with multi-storey apartments and ground floor retail space have been made to most main road shopping strips in the Bayside area; and a total redevelopment has taken place at the old Thrift Park shopping centre. Woolworths, Coles and Aldi are all completing sizable new stores in the Bayside region and, most recently, a Bunnings mega store has arrived in Mentone. Residential and commercial developers have done their research and know that the Bayside suburbs are showing strong capital growth over a long period.
Best streets: Within walking distance to a railway station and main shopping strip and preferably in a quiet corner. Historical sales data shows us this contributes to long term strong capital growth, which is also excellent for investors attracting renters.
Public transport: Reliable train and bus routes including an express service form Cheltenham Station.
Main arteries: Nepean Highway and Beach Road are the main access points to the city. It is also an easy drive to the Mornington Peninsula via Nepean Highway, while the East link Freeway has made the trip to the outer Eastern Suburbs more convenient.